Vardhman Textiles Limited, formerly known as Mahavir Spinning Mills Limited, was incorporated on October 8, 1973, with its name subsequently changed to Vardhman Textiles Limited on September 5, 2006. The company is engaged in the business of manufacturing yarn, fabric, acrylic fiber, and garments, with operations spanning 75 countries across the globe. Vardhman stands as one of the largest vertically integrated textile manufacturers in India, producing yarn and fabrics for both tops and bottoms in the apparel segment.
The company operates 18 state-of-the-art manufacturing facilities located across India and maintains a strong export presence in more than 75 countries worldwide. Spanning over 25 manufacturing facilities in five states across India, the Group's business portfolio includes yarn, greige and processed fabric, sewing thread, acrylic fibre, and alloy steel. As of April 2011, the company employs approximately 23,000 people.
The largest business of the Group, with a manufacturing capacity of 670 metric tons per day, yarns is what Vardhman is widely known for. The company offers the widest range of specialised greige and dyed yarns in cotton, polyester, acrylic, viscose, specialized fibers, and a variety of blends. Vardhman has approximately 1.1 million spindles and a capacity to manufacture over 580 metric tons of yarn per day.
The vertical contributing close to one-third of the Group's turnover, fabrics business is the growth engine of Vardhman Textiles. The group is among the top three woven fabric manufacturers in India. Equipped with 1.1 million spindles, with a weaving capability above 180 million metres per annum and processing capacity of over 114 million metres per annum across a wide speciality fabrics range.
Marketed under the brand name 'VARLAN®', Vardhman has a capacity to manufacture 22,000 tons per annum of Acrylic Staple Fibre and Tow.
Vardhman Yarns & Threads Limited provides a wide range of threads used in sewing, embroidery, and special applications including clothing, home textile, and leather products. The company also operates Vardhman Special Steels Limited, which is one of the leading producers of special and alloy steel, catering to diverse requirements of automotive, engineering, bearing, and allied industries.
On a consolidated basis, Vardhman Textiles reported a profit of Rs 237.88 crore on total income of Rs 2,641.23 crore for the quarter ended March 2025. For the year ended March 2024, the company had posted a profit of Rs 636.70 crore on total income of Rs 9,504.68 crore.
For the full year, net profit rose 39.85% to Rs 883.27 crore in the year ended March 2025 as against Rs 631.59 crore during the previous year ended March 2024. Sales rose 2.95% to Rs 9,784.88 crore in the year ended March 2025 as against Rs 9,504.68 crore during the previous year ended March 2024.
- Market capitalisation: Rs 14,555 crore
- 52-week high: Rs 592.25 and 52-week low: Rs 362.60
- Q4 FY25 net profit: Rs 237.31 crore (18.31% growth YoY)
- Q4 FY25 revenue: Rs 2,641.23 crore (3.96% growth YoY)
- Q4 FY25 net profit margin: 8.98%
The group has a unique business model with presence in the entire value chain from fibre to fabric, giving the company the flexibility to reorganize their business effectively during downturns and ramp up faster than competitors when the economy is buoyant. The group has a large cotton inventory holding capacity, thus helping it to control its supply chain operations and thereby absorb fluctuations in market demand.
Vardhman draws a steadfast edge from its thrust on innovation, with sustainability being the future in textiles and recycling an emerging trend. The Group is one of the first to initiate the manufacturing of recycled yarns in India.
Vardhman invested significantly in creating a state-of-the-art R&D Innovation Center, named as CPDC (Central Product Development Center), which is Vardhman group's nodal agency for fabric development, technical development, design development, and process improvement. With a combined headcount of more than 250, the Center vindicates Vardhman's effort in innovation, new product development, and service to customers.
Promoter holding in Vardhman Textiles has gone up to 64.22% as of March 2025 from 64.19% as of June 2024. Shareholders approved the appointment of two directors on 25 June 2025 via postal ballot.
The company maintains strong corporate governance standards with regular board meetings and compliance with all regulatory requirements under NSE and BSE listings.
